Monday, March 14, 2011

Finance Act 2010 - Example on Sec 40(a)(ia)

*Example on Sec40(a)(ia)
If Tax deducted on Royalty paid to Mr.AD,a resident,during PY2010-11at any time between April2010to March2011&deposited by31st July/31st Sep,then SUCH EXPENDITURE (here,Royalty) wud b allowed as deduction in PY2010-11(A.Y.2011-12)

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